Can I retire at age 53 with 356,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $356,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$29,398$29,136$28,881$28,631$28,388$27,568
2 years$14,554$14,282$14,020$13,765$13,518$12,698
3 years$9,606$9,334$9,072$8,819$8,576$7,783
4 years$7,133$6,861$6,602$6,354$6,117$5,355
5 years$5,649$5,379$5,123$4,880$4,650$3,922
6 years$4,660$4,393$4,140$3,903$3,679$2,987
7 years$3,954$3,689$3,441$3,209$2,992$2,335
8 years$3,425$3,162$2,918$2,692$2,482$1,859
9 years$3,014$2,753$2,513$2,293$2,091$1,501
10 years$2,685$2,427$2,191$1,976$1,781$1,225
11 years$2,416$2,160$1,929$1,720$1,532$1,008
12 years$2,192$1,939$1,712$1,509$1,328$835
13 years$2,003$1,752$1,530$1,332$1,158$695
14 years$1,840$1,593$1,374$1,182$1,015$581
15 years$1,700$1,455$1,241$1,054$893$487
16 years$1,577$1,335$1,125$944$790$410
17 years$1,469$1,230$1,024$848$700$346
18 years$1,373$1,136$934$765$623$292
19 years$1,287$1,053$855$691$555$247
20 years$1,210$978$785$626$496$209
21 years$1,140$911$722$568$444$178
22 years$1,077$851$666$516$398$151
23 years$1,019$796$615$470$357$128
24 years$966$746$568$429$321$109
25 years$918$700$526$392$289$93
26 years$873$658$488$358$260$79
27 years$832$619$453$328$234$67
28 years$793$583$421$300$212$57
29 years$758$550$392$275$191$49
30 years$725$520$365$253$173$42
31 years$694$491$341$232$156$36
32 years$665$465$318$213$141$30
33 years$638$440$297$196$128$26
34 years$612$417$277$180$116$22
35 years$588$396$259$166$105$19
36 years$565$375$242$153$95$16
37 years$544$357$227$141$86$14
38 years$524$339$213$130$78$12
39 years$505$322$199$120$71$10
40 years$487$307$187$111$64$9
41 years$470$292$175$102$58$7
42 years$453$278$164$94$53$6
43 years$438$265$154$87$48$5
44 years$423$252$145$80$43$5
45 years$409$241$136$74$39$4
46 years$396$230$128$68$36$3
47 years$383$219$120$63$33$3
48 years$370$209$113$58$30$2
49 years$359$200$106$54$27$2
50 years$348$191$99$50$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $356,000, adding $5,855 every year, while hoping to spend $20,762 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/27/16 Blend
52$356,000$356,000$356,000$356,000
53$398,351$379,483$373,965$419,077
54$416,893$375,988$364,403$430,311
55$436,629$371,624$353,824$439,776
56$457,661$366,330$342,173$449,616
57$480,098$360,035$329,391$459,870
58$504,060$352,669$315,417$470,583
59$529,678$344,153$300,187$481,805
60$557,096$334,408$283,635$493,592
61$586,473$323,347$265,690$506,009
62$617,982$310,880$246,279$519,127
63$651,813$296,910$225,326$533,024
64$688,175$281,335$202,752$547,791
65$727,297$264,049$178,472$563,527
66$769,430$244,937$152,400$580,343
67$814,852$223,878$124,445$598,365
68$863,865$200,746$94,512$617,730
69$916,803$175,407$62,502$638,595
70$974,033$147,718$28,312$661,133
71$1,035,957$117,529$0$685,535
72$1,103,019$84,682$0$713,413
73$1,175,705$49,009$0$748,859
74$1,254,550$10,335$0$787,320
75$1,340,144$0$0$829,113
76$1,433,134$0$0$883,957
77$1,534,232$0$0$946,948
78$1,644,222$0$0$1,015,509
79$1,763,966$0$0$1,090,181
80$1,894,413$0$0$1,171,558
81$2,036,607$0$0$1,260,296
82$2,191,697$0$0$1,357,117
83$2,360,948$0$0$1,462,813
84$2,545,752$0$0$1,578,260
85$2,747,642$0$0$1,704,419
86$2,968,305$0$0$1,842,349
87$3,209,598$0$0$1,993,217
88$3,473,567$0$0$2,158,306
89$3,762,462$0$0$2,339,030
90$4,078,765$0$0$2,536,947
91$4,425,206$0$0$2,753,770
92$4,804,791$0$0$2,991,387
93$5,220,832$0$0$3,251,879
94$5,676,978$0$0$3,537,534
95$6,177,244$0$0$3,850,877
96$6,726,056$0$0$4,194,685
97$7,328,286$0$0$4,572,018
98$7,989,304$0$0$4,986,247
99$8,715,021$0$0$5,441,087
100$9,511,953$0$0$5,940,626